Description:
Tax credit based on qualified retention and expansion investment incurred for research conducted in Indiana. The tax credit is 10% of the increment of Indiana qualified research expenses over the base amount. This credit can carry forward 15 years and expires 12/31/13.

Eligibility:
Companies pursuing qualified retention and expansion investment incurred for research conducted in Indiana.

How to Apply:
First meet with state and local economic development representatives to initiate application process. If approved, this credit may be claimed against state income when filing state income taxes by including the IT-20REC form. Call us at 1-317-236-6262 or 1-877-236-4332, or email us at indy@indypartnership.com to get started.